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At least in the example the schools are disclosing what the investment is in. In some fixed investment funds for annuities under plan management they just tell you that the fixed portion is guaranteed by the insurance company and refuse to disclose anything further. Seems that the Federal Reserve efforts to get better "transparency" does not extend much. In fact this very problem is what has prompted the Treasury dept to propose additonal authority for the Federal Reserve to force firms to disclose their investment details so that the Federal Reserve can assess the risk it might have if the firm failed.
Stay tuned.
Thursday, June 19, 2008
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